Copenhagen Infrastructure Partners (CIP) and Ignitis Renewables have emerged victorious in Estonia's inaugural offshore wind auction for the Liivi 2 sea area. Positioned northwest of Ruhnu Island along Estonia's Baltic Sea coast, the maritime expanse spans approximately 115 square kilometers. The forthcoming offshore wind farm, anticipated to be operational post-2030, boasts a total capacity of up to 1.4GW.
Ole Kjems Sørensen, CIP partner and head of the growth markets funds, expressed the significance of the win, stating, “With today's announcement, we are taking an important step in expanding our presence in the Baltic states, a core market of CIP's Growth Markets Funds. We believe this project could be a cornerstone investment in Estonia's transformation into a sustainable, long-term European green energy hub.”
See also: Ignitis Group to Acquire 300MW Onshore Wind Project in Lithuania
Ignitis Group Chief Executive Darius Maikštėnas highlighted the strategic accomplishment for Ignitis Renewables, noting, “This is the second offshore wind tender secured by Ignitis Renewables in the Baltic States.” Maikštėnas emphasized that winning the tender aligns with the group's goal of securing a second offshore wind development project in the home market, contributing significantly to achieving 4–5 GW of installed green and flexible capacities by 2030.
The collaborative efforts of Ignitis Renewables and CIP have been formalized through a signed agreement, exclusively focusing on offshore wind opportunities in Estonia and Latvia. The partnership leverages Ignitis Renewables' prominent market position in the Baltic region and CIP's global offshore wind expertise. Both companies aspire to become active and long-term partners in the Baltic region's energy transition, supporting decarbonization targets and energy security objectives through the deployment of offshore wind.
